FOR IMMEDIATE RELEASE

June 27, 2014

Company Name: Leopalace21 Corporation

Representative: Eisei Miyama, President and CEO

Code Number: 8848 (Tokyo Stock Exchange, First Section) Contact: Bunya Miyao, Executive Officer

Tel: +81-3-5350-0216

E-mail: ir@leopalace21.com

Notice Concerning Partial Amendment to "Consolidated Financial Statements [Japanese Accounting Standard] (For the year ended March 31, 2014)"

Concerning the "Consolidated Financial Statements [Japanese Accounting Standard] (For the year ended March 31, 2014)" announced on May 9, 2014, there have been the following amendments. Sections amended have been underlined.

[Section amended]

Page 10

3. Consolidated Financial Statements

(1) Consolidated Balance Sheets

[Before amendments]


(Million yen) March 31, 2014 March 31, 2013

Fixed assets

Property, plant and equipment

Buildings and structures ※5 121,075 ※5 111,349

Accumulated depreciation (64,001) (56,609) Net ※5 57,073 ※5 54,740
Land ※5 81,800 ※5 80,780

Leased assets 11,470 6,832

Accumulated depreciation (6,302) (5,034) Net 5,167 1,798
Construction in progress 3,712 175

Other ※118,171※113,349


Accumulated depreciation (13,422)(11,846) Net ※14,748※11,502
Total 152,503 138,997

-1-

[After amendments]


(Million yen) March 31, 2014 March 31, 2013

Fixed assets

Property, plant and equipment

Buildings and structures ※5 121,075 ※5 111,349

Accumulated depreciation (64,001) (56,609) Net ※5 57,073 ※5 54,740

Machinery, equipment, and vehicles※17,326※13,274

Accumulated depreciation (3,376) (2,651) Net ※13,950 ※1622


Land ※5 81,800 ※5 80,780
Leased assets 11,470 6,832

Accumulated depreciation (6,302) (5,034) Net 5,167 1,798

Construction in progress 3,712 175
Other 10,84410,075

Accumulated depreciation (10,046)(9,194) Net 797880
Total 152,503 138,997

Page 12

3. Consolidated Financial Statements

(2) Consolidated Statements of Operations and Consolidated Statements of Comprehensive Income

Consolidated Statements of Operations

[Before amendments]

(Million yen)

March 31, 2014 (April 2013-March 2014)
March 31, 2013 (April 2012-March 2013)

Selling, general and administrative expenses
(Omission)

Reserve for retirement bonuses835 846 (Omission)

[After amendments]

(Million yen)

March 31, 2014 (April 2013-March 2014)
March 31, 2013 (April 2012-March 2013)

Selling, general and administrative expenses
(Omission)

Retirement benefit expenses835 846 (Omission)

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Page 17

3. Consolidated Financial Statements

(4) Consolidated Statements of Cash Flows

[Before amendments]

(Million yen)

March 31, 2014 (April 2013-March 2014)
March 31, 2013 (April 2012-March 2013)
Cash flows from operating activities

(Omission)

Loss (gain) on sale of property, plant and equipment (0) －

(Omission)
Total 15,584 6,069

[After amendments]

(Million yen)

March 31, 2014 (April 2013-March 2014)
March 31, 2013 (April 2012-March 2013)
Cash flows from operating activities

(Omission)

Loss (gain) on sale of property, plant and equipment 0 －

(Omission)
Total 15,584 6,069

END

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